HomeMy WebLinkAboutResolution 2021-24 ARPA Special Revenue Fund RESOLUTION NO. 2021-24
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, FORMALLY ACKNOWLEDGING AND
ESTABLISHING, PURSUANT TO GASB 54, THE A R P A FUND AS A
SPECIAL REVENUE FUND FOR THE CITY OF WINTER SPRINGS;
PROVIDING FOR SEVERABILITY; PROVIDING FOR REPEAL OF
PRIOR INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City Commission of Winter Springs desires to comply with the
Government Accounting Standards Board Statement No. 54 Fund Balance Reporting and
GovernmentalFund Type Definitions;and
WHEREAS, the City Commission desires to establish the ARPA fund; a special
revenue fund, which will formally restrict expenditures and comply with the eligible uses
identified in the American Rescue Plan Act of 2021 (ARPA) under H.R.1319 Sec. 9901:
Coronavirus State and Local Fiscal Recovery Funds ("Act"); and
WHEREAS, the City Commission of Winter Springs deems that this Resolution is
in the best interest of the public health, safety, and welfare of the citizens of Winter
Springs.
NOW THEREFORE, THE CITY COMMISSION OF THE CITY OF WINTER
SPRINGS HEREBY RESOLVES, AS FOLLOWS:
Section 1. Recitals. The foregoing recitals are hereby fully incorporated herein by
this reference as legislative findings and the intent and purpose of the City Commission of the
City of Winter Springs
Section 2. Establishment of the ARPA Fund. The Winter Springs City
Commission hereby formally acknowledges and establishes the ARPA Fund as a Special
Revenue Fund which will formally restrict expenditures to the specific purpose set forth in the
American Rescue Plan Act of 2021. The ARPA fund will have the following eligible uses
identified in the statute:
a) To respond to the public health emergency or its negative economic impacts,
including assistance to households, small businesses, and nonprofits, or aid to impacted
industries such as tourism,travel, and hospitality;
b) To respond to workers performing essential work during the COVID-19 public
health emergency by providing premium pay to eligible workers;
c) For the provision of government services to the extent of the reduction in revenue
due to the COVID-19 public health emergency relative to revenues collected in the most recent
full fiscal year prior to the emergency;and
d) To make necessary investments in water, sewer,or broadband infrastructure.
To extent that any provision of this Resolution conflicts with the Act,the conflicting
provisions of the Act shall prevail, and the City shall comply with the Act.
City of Winter Springs,Florida
Resolution 2021-24
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Section 3. Severability. If any section, subsection, sentence, clause, phrase,word,
or portion of this Resolution is for any reason held invalid or unconstitutional by a court of
competent jurisdiction, whether for substantive or procedural reasons, such portion shall be
deemed a separate, distinct, and independent provision, and such holding shall not affect the
validity of the remaining portions of this Resolution.
Section 4. Repeal of Prior Inconsistent Resolutions. All prior resolutions or
parts of resolutions in conflict herewith are hereby repealed to the extent of the conflict.
Section 5. Effective Date. This Resolution shall become effective immediately
upon adoption by the City Commission.
RESOLVED by the City Commission of the City of Winter Springs, Florida, in a
regular meeting assembled on the 13th day of September 2021-
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ATTEST: /
Christian Gowan, City Clerk ,ti��:•��ATF� +
Approved as to legal form and sufficiency for �• v ' b
the City of Winter Springs only: v•' �/ ' �9 •'. '
Anthony A.`Garganese, City Attorney
City of Winter Springs,Florida
Resolution 2021-24
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